Should I buy or sell Enbridge stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ENB shares. View ENB analyst ratings or view top-rated stocks .

What is Enbridge's stock price target for 2024?

12 brokerages have issued 12-month price targets for Enbridge's stock. Their ENB share price targets range from C$50.00 to C$63.00. On average, they expect the company's stock price to reach C$53.65 in the next twelve months. This suggests a possible upside of 17.0% from the stock's current price. View analysts price targets for ENB or view top-rated stocks among Wall Street analysts .

How have ENB shares performed in 2024?

Enbridge's stock was trading at C$47.70 at the beginning of the year. Since then, ENB stock has decreased by 3.8% and is now trading at C$45.87. View the best growth stocks for 2024 here .

When is Enbridge's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024. View our ENB earnings forecast .

How were Enbridge's earnings last quarter?

Enbridge Inc. (TSE:ENB) announced its quarterly earnings results on Friday, February, 9th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.04. The company had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $12.99 billion. Enbridge had a trailing twelve-month return on equity of 9.47% and a net margin of 14.18%.

How often does Enbridge pay dividends? What is the dividend yield for Enbridge?

Enbridge announced a quarterly dividend on Wednesday, February 14th. Stockholders of record on Friday, March 1st will be given a dividend of 0.915 per share on Friday, March 1st. This represents a $3.66 annualized dividend and a yield of 7.98%. The ex-dividend date is Wednesday, February 14th. This is a positive change from the stock's previous quarterly dividend of C$0.89. Read our dividend analysis for ENB .

Is Enbridge a good dividend stock?

Enbridge (TSE:ENB) pays an annual dividend of C$3.66 per share and currently has a dividend yield of 7.78%. ENB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 128.87%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for ENB .

What other stocks do shareholders of Enbridge own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Enbridge investors own include Intact Financial (IFC) , Constellation Software (CSU) , Alimentation Couche-Tard (ATD.B) , Toronto-Dominion Bank (TD) , AutoCanada (ACQ) , Bank of Nova Scotia (BNS) , AbbVie (ABBV) , Vermilion Energy (VET) , BCE (BCE) and Suncor Energy (SU) .

How do I buy shares of Enbridge?

Shares of ENB stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:ENB

Enbridge (ENB) Stock Price, News & Analysis

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C$45.83

-0.70 (-1.50%)

(As of 12:45 PM ET)

Compare

Today's Range: C$45.80
▼
C$46.48
50-Day Range: C$45.14
▼
C$48.95
52-Week Range: C$42.75
▼
C$54.05

Volume: 1.76 million shs
Average Volume: 6.63 million shs
Market Capitalization: C$97.62 billion

P/E Ratio: 16.14
Dividend Yield: 7.99%
Price Target: C$53.65

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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Enbridge MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 17.0% Upside
C$53.65 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.13
Based on 17 Articles This Week
Insider Trading: Selling Shares
C$2,055 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.21 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Enbridge has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 6 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Enbridge has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for ENB.

1.7

Dividend Strength

Dividend Leadership
Enbridge is a leading dividend payer. It pays a dividend yield of 7.78%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Enbridge does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Enbridge is 128.87%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ENB.

1.6

News and Social Media Coverage

News Sentiment
Enbridge has a news sentiment score of -0.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.40 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 17 news articles for Enbridge this week, compared to 9 articles on an average week.
Search Interest
167 people have searched for ENB on MarketBeat in the last 30 days. This is an increase of 5% compared to the previous 30 days.
MarketBeat Follows
Only 15 people have added Enbridge to their MarketBeat watchlist in the last 30 days. This is a decrease of -32% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Enbridge insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$2,055.00 in company stock.
Percentage Held by Insiders
Only 0.10% of the stock of Enbridge is held by insiders.
Percentage Held by Institutions
53.68% of the stock of Enbridge is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Enbridge is 16.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Enbridge is 16.15, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 98.06.
Price to Earnings Growth Ratio
Enbridge has a PEG Ratio of 0.75. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Enbridge has a P/B Ratio of 1.78. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Enbridge Stock (TSE:ENB)

Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, waste heat recovery, and transmission assets in North America. The Energy Services segment provides physical commodity marketing and logistical services to refiners, producers, and other customers in Canada and the United States. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.

ENB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ENB Stock News Headlines

April 14, 2024 | finance.yahoo.com

Enbridge's (TSE:ENB) Returns On Capital Are Heading Higher

April 13, 2024 | americanbankingnews.com

Enbridge (TSE:ENB) Stock Price Crosses Above Two Hundred Day Moving Average of $46.92

April 16, 2024 | Traders Agency (Ad)

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April 12, 2024 | msn.com

US DOJ calls for Enbridge ruling to be reconsidered

April 12, 2024 | finanznachrichten.de

Enbridge: Jill of All Trades: Making Skilled Trades and Technologies a Viable Choice for Young Women

April 12, 2024 | finance.yahoo.com

Jill of All Trades: Making Skilled Trades and Technologies a Viable Choice for Young Women

April 11, 2024 | msn.com

Justice Department steps into Enbridge Line 5 dispute

April 11, 2024 | benzinga.com

Legal Battle Over Enbridge Pipeline: Biden Administration Reportedly Urges Review

April 16, 2024 | Traders Agency (Ad)

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April 10, 2024 | msn.com

Biden administration agrees with Native American tribe that Canadian pipeline is trespassing

April 10, 2024 | msn.com

Is Now the Right Time to Buy Enbridge Stock? Here’s My Take

April 10, 2024 | bloomberg.com

Biden Administration Wants Enbridge Pipeline Ruling Revisited

April 10, 2024 | theglobeandmail.com

Shutdown order for Enbridge’s Line 5 pipeline should be reconsidered, Biden administration says

April 10, 2024 | detroitnews.com

Feds: Line 5 closure order in Wisconsin failed to consider effect on U.S.-Canada relations

April 10, 2024 | msn.com

U.S. government breaks silence on Enbridge's Line 5 oil pipeline. What to know.

April 10, 2024 | nytimes.com

An Oil Company Is Trespassing on Tribal Land in Wisconsin, Justice Dept. Says

April 10, 2024 | ca.finance.yahoo.com

Biden administration says Enbridge pipeline shutdown order should be reconsidered

April 10, 2024 | finance.yahoo.com

UPDATE 1-Biden administration says Enbridge pipeline shutdown order should be reconsidered

April 9, 2024 | finance.yahoo.com

Enbridge (ENB) Outpaces Stock Market Gains: What You Should Know

April 5, 2024 | yahoo.com

Homeowners beware: Enbridge is coming to a town near you | (Cold) Home With Tess

April 4, 2024 | seekingalpha.com

Buy These 2 Very High Yielding Preferred Stock Bargains From Enbridge

April 2, 2024 | theglobeandmail.com

Closing Bell: Enbridge Pr down on Monday (ENB-PR-A)

April 1, 2024 | markets.businessinsider.com

Pembina Pipeline Closes Acquisition Of Enbridge's Interest In Alliance/Aux Sable

March 28, 2024 | finanznachrichten.de

Enbridge: Creating a 'Healthy, Happy Student Population' Through Outdoor Learning

March 28, 2024 | seekingalpha.com

Enbridge: Vast Upside Potential And Compelling Yield

March 27, 2024 | msn.com

Enbridge forms joint venture for Permian Basin gas supply

March 26, 2024 | ca.news.yahoo.com

Enbridge joint venture to connect Permian Basin natural gas to U.S. Gulf Coast

See More Headlines

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Company Calendar

Last Earnings: 2/09/2024
Ex-Dividend for 3/1 Dividend: 2/14/2024
Dividend Payable: 3/01/2024
Today: 4/16/2024
Next Earnings (Confirmed): 5/10/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Energy
Industry: Oil & Gas Midstream
Sub-Industry: N/A
Current Symbol: TSE:ENB
CUSIP: N/A
CIK: N/A
Web: www.enbridge.com
Phone: +1-403-2313900
Fax: N/A
Employees: 11,500
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$53.65
High Stock Price Target: C$63.00
Low Stock Price Target: C$50.00
Potential Upside/Downside: +15.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.84
Trailing P/E Ratio: 16.38
Forward P/E Ratio: 16.39
P/E Growth: 0.75
Net Income: C$5.84 billion
Net Margins: 14.18%
Pretax Margin: N/A
Return on Equity: 9.47%
Return on Assets: 3.20%

Debt

Debt-to-Equity Ratio: 127.95
Current Ratio: 0.83
Quick Ratio: 0.44

Sales & Book Value

Annual Sales: C$43.65 billion
Price / Sales: 2.27
Cash Flow: C$0.49 per share
Price / Cash Flow: 94.53
Book Value: C$25.71 per share
Price / Book: 1.81

Miscellaneous

Outstanding Shares: 2,130,000,000
Free Float: N/A
Market Cap: C$99.11 billion
Optionable: Not Optionable
Beta: 0.89

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Key Executives

Mr. Gregory Lorne Ebel (Age 60)
President, CEO & Director
Comp: $6.44M
Mr. Patrick Robert Murray (Age 48)
Executive VP & CFO
Comp: $1.47M
Mr. Colin Kenneth Gruending (Age 54)
Executive VP & President of Liquids Pipelines
Comp: $2.39M
Ms. Cynthia Lynn Hansen (Age 59)
Executive VP and President of Gas Transmission & Midstream
Comp: $2.31M
Mr. Matthew A. Akman (Age 56)
Executive VP of Corporate Strategy & President of Power
Comp: $1.28M
Mr. David Wayne Bryson (Age 57)
Senior Vice President of Operations, Engineering & Liquids Pipelines
Ms. Melissa M. LaForge (Age 38)
Senior VP & Chief Accounting Officer
Mr. Bhushan N. Ivaturi
Senior VP & Chief Information Officer
Ms. Laura J. Buss Sayavedra (Age 57)
Senior VP of Safety, Projects & Chief Administrative Officer
Ms. Rebecca Morley CFA (Age 44)
Director of Investor Relations

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

Should I Buy Enbridge Stock? ENB Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Enbridge Inc.:

Enbridge's stock price has shown resilience during market downturns, providing stability for investors.
Enbridge has a strong track record of consistent dividend payments, making it an attractive option for income-focused investors.
Recent developments indicate favorable regulatory decisions that support Enbridge's operations and growth prospects.
Enbridge's strategic investments in renewable energy projects position the company well for the transition to a greener economy.
Enbridge's diversified business model across multiple energy sectors helps mitigate risks associated with fluctuations in specific markets.

Cons

Investors should be bearish about investing in Enbridge Inc. for these reasons:

Uncertainties surrounding environmental regulations could impact Enbridge's future projects and profitability.
Dependency on oil and gas transportation exposes Enbridge to risks associated with commodity price volatility.
Legal challenges related to pipeline operations, such as the recent court orders, could lead to operational disruptions and financial penalties.
Potential changes in government policies regarding energy infrastructure could affect Enbridge's long-term growth prospects.
Market competition and technological advancements in the energy sector may pose challenges to Enbridge's market position and profitability.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Enbridge pros and cons to contact@marketbeat.com.

ENB Stock Analysis - Frequently Asked Questions

Should I buy or sell Enbridge stock right now?: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ENB shares.
View ENB analyst ratings or view top-rated stocks.
What is Enbridge's stock price target for 2024?: 12 brokerages have issued 12-month price targets for Enbridge's stock. Their ENB share price targets range from C$50.00 to C$63.00. On average, they expect the company's stock price to reach C$53.65 in the next twelve months. This suggests a possible upside of 17.0% from the stock's current price.
View analysts price targets for ENB or view top-rated stocks among Wall Street analysts.
How have ENB shares performed in 2024?: Enbridge's stock was trading at C$47.70 at the beginning of the year. Since then, ENB stock has decreased by 3.8% and is now trading at C$45.87.
View the best growth stocks for 2024 here.
When is Enbridge's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024.
View our ENB earnings forecast.
How were Enbridge's earnings last quarter?: Enbridge Inc. (TSE:ENB) announced its quarterly earnings results on Friday, February, 9th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.04. The company had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $12.99 billion. Enbridge had a trailing twelve-month return on equity of 9.47% and a net margin of 14.18%.

How often does Enbridge pay dividends? What is the dividend yield for Enbridge?: Enbridge announced a quarterly dividend on Wednesday, February 14th. Stockholders of record on Friday, March 1st will be given a dividend of 0.915 per share on Friday, March 1st. This represents a $3.66 annualized dividend and a yield of 7.98%. The ex-dividend date is Wednesday, February 14th. This is a positive change from the stock's previous quarterly dividend of C$0.89.
Read our dividend analysis for ENB.
Is Enbridge a good dividend stock?: Enbridge (TSE:ENB) pays an annual dividend of C$3.66 per share and currently has a dividend yield of 7.78%. ENB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 128.87%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for ENB.
What other stocks do shareholders of Enbridge own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Enbridge investors own include Intact Financial (IFC), Constellation Software (CSU), Alimentation Couche-Tard (ATD.B), Toronto-Dominion Bank (TD), AutoCanada (ACQ), Bank of Nova Scotia (BNS), AbbVie (ABBV), Vermilion Energy (VET), BCE (BCE) and Suncor Energy (SU).
How do I buy shares of Enbridge?: Shares of ENB stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:ENB) was last updated on 4/16/2024 by MarketBeat.com Staff

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Enbridge (ENB) Stock Price, News & Analysis

Enbridge MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Enbridge Stock (TSE:ENB)

ENB Stock Price History

ENB Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

Should I Buy Enbridge Stock? ENB Pros and Cons Explained

Pros

Cons

ENB Stock Analysis - Frequently Asked Questions

Overall MarketRank^™